Lennar (LEN) Net Margin (2009 - 2026)
Lennar's Net Margin was 3.53% in fiscal Q3 2026 (quarter ended Aug 31, 2026), down 3.18 percentage points from 6.71% a year earlier and down 0.31 percentage points from the prior quarter.
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Analysis
Lennar (LEN) Net Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Lennar's Net Margin was 4.09% through Aug 31, 2026, down 3.63 percentage points year-over-year; for FY2025 (ended Nov 30, 2025), it was 6.08%, down 5.02 percentage points from FY2024.
- Net Margin has now declined for four consecutive fiscal years, with a five-year change of -4.88 percentage points (FY2020 to FY2025).
- In earlier fiscal years, Net Margin was 11.10% in FY2024 (-0.41 pp), 11.50% in FY2023 (-2.20 pp), 13.70% in FY2022 (-2.63 pp) and 16.33% in FY2021 (+5.37 pp).
- Quarterly Net Margin has moved between 3.47% (fiscal Q1 2026) and 16.42% (fiscal Q3 2022) over five years.
- Compared with a year earlier, Net Margin has declined for nine straight quarters, with an average year-over-year change of -3.68 percentage points over the last eight quarters.
- The best year-over-year quarter for Net Margin over five years was fiscal Q2 2022 (a gain of 2.87 percentage points); the worst was fiscal Q1 2022 (a drop of 10.69 percentage points).
- Per Business Quant data, LEN's Net Margin in the three fiscal quarters before Q3 2026 was 3.84% (Q2 2026), 3.47% (Q1 2026) and 5.23% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 39.51 Bn | 29.81 Bn | 2.15 Bn | 9.81% |
| 2 | Pultegroup | 21.76 Bn | 15.05 Bn | 1.06 Bn | 11.85% |
| 3 | Lennar | 18.65 Bn | 9.03 Bn | 618.54 Mn | 3.53% |
| 4 | Nvr | 16.04 Bn | 9.32 Bn | 485.14 Mn | 10.16% |
| 5 | Toll Brothers | 12.77 Bn | 8.15 Bn | 625.22 Mn | 10.54% |
| 6 | Champion Homes | 4.24 Bn | 1.72 Bn | - | - |
| 7 | Cavco Industries | 4.03 Bn | 2.78 Bn | - | - |
| 8 | Meritage Homes | 3.94 Bn | 865.28 Mn | 513.60 Mn | 3.23% |
| 9 | M | 3.05 Bn | 121.36 Mn | 235.50 Mn | 7.44% |
| 10 | Green Brick Partners | 2.66 Bn | 2.08 Bn | 157.52 Mn | 15.02% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 3.53% |
| May 31, 2026 | 3.84% |
| Feb 28, 2026 | 3.47% |
| Nov 30, 2025 | 5.23% |
| Aug 31, 2025 | 6.71% |
| May 31, 2025 | 5.70% |
| Feb 28, 2025 | 6.81% |
| Nov 30, 2024 | 11.02% |
| Aug 31, 2024 | 12.35% |
| May 31, 2024 | 10.89% |
| Feb 29, 2024 | 9.84% |
| Nov 30, 2023 | 12.41% |
| Aug 31, 2023 | 12.70% |
| May 31, 2023 | 10.84% |
| Feb 28, 2023 | 9.19% |
| Nov 30, 2022 | 13.00% |
| Aug 31, 2022 | 16.42% |
| May 31, 2022 | 15.80% |
| Feb 28, 2022 | 8.12% |
| Nov 30, 2021 | 14.12% |
API Access
Lennar Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=LEN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "LEN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=LEN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();